President Obama Responds to ESOP Question at Richmond, VA Town Hall Meeting

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The ESOP Association | Sep 30, 2010

September 30, 2010 (Washington, DC) – At the September 29, 2010 town hall meeting held in Richmond, VA, President Obama responded to a question about employee-owned companies asked by ESOP Association member Tom Roback, Managing Director of Blue Ridge ESOP Associates located in Charlottesville, VA.

“We are pleased that President Obama was open to hearing more about ESOP (employee stock ownership plan) companies,” stated ESOP Association President J. Michael Keeling. “We would be happy to work with the Administration to enhance and encourage employee ownership in the U.S. ESOPs have a long and overwhelmingly positive history of keeping jobs in the U.S., in local communities, and offer significant retirement benefits to employee owners.”

The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy.